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GRIID Infrastructure (GRIID Infrastructure) EBIT : $-56.37 Mil (TTM As of Sep. 2023)


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What is GRIID Infrastructure EBIT?

GRIID Infrastructure's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-4.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-56.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GRIID Infrastructure's annualized ROC % for the quarter that ended in Sep. 2023 was -24.75%. GRIID Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -39.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GRIID Infrastructure's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -46.44%.


GRIID Infrastructure EBIT Historical Data

The historical data trend for GRIID Infrastructure's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GRIID Infrastructure EBIT Chart

GRIID Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-6.63 -47.54 19.41

GRIID Infrastructure Quarterly Data
Dec21 Jun22 Dec22 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial -6.86 -47.54 -4.79 -4.04 -

Competitive Comparison of GRIID Infrastructure's EBIT

For the Capital Markets subindustry, GRIID Infrastructure's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GRIID Infrastructure's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GRIID Infrastructure's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where GRIID Infrastructure's EV-to-EBIT falls into.



GRIID Infrastructure EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-56.37 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


GRIID Infrastructure  (NAS:GRDI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

GRIID Infrastructure's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-12.004 * ( 1 - 1.56% )/( (46.539 + 48.945)/ 2 )
=-11.8167376/47.742
=-24.75 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

GRIID Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-16.144/( ( (41.096 + max(-6.452, 0)) + (39.908 + max(-6.394, 0)) )/ 2 )
=-16.144/( ( 41.096 + 39.908 )/ 2 )
=-16.144/40.502
=-39.86 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.26 + 0.225) - (6.937 + 0 + 0)
=-6.452

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.323) - (6.717 + 0 + 1.7763568394003E-15)
=-6.394

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

GRIID Infrastructure's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-56.366/121.381
=-46.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


GRIID Infrastructure EBIT Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Comparable Companies
Traded in Other Exchanges
Address
2577 Duck Creek Road, Cincinnati, OH, USA, 45212
Website
Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines